My prediction is 613. 2025 ended in a high note. The first trading day of 2026 started off with a modest price increase, then proceeded with a reversal to the downside. However, it was accompanied by net investor inflows and options trading activity that reflected cautious optimism (favoring calls). Its performance was consistent with a positive tone in the technology-heavy Nasdaq market at the start of the new year, be it still in a slight pull back mode. Many analyst forecasted volatility in the second half of Jan and throughout 2026, therefore I'm selling calls at strikes not too far off from the market price and will monitor for rolling up in the case of an uptrend (if the underlying momentum does not rise rapidly, else, I'm screwed). Example: IREN that I was just assigned.
2025 ended in a high note. The first trading day of 2026 started off with a modest price increase, then proceeded with a reversal to the downside. However, it was accompanied by net investor inflows and options trading activity that reflected cautious optimism (favoring calls). Its performance was consistent with a positive tone in the technology-heavy Nasdaq market at the start of the new year, be it still in a slight pull back mode.
Many analyst forecasted volatility in the second half of Jan and throughout 2026, therefore I'm selling calls at strikes not too far off from the market price and will monitor for rolling up in the case of an uptrend (if the underlying momentum does not rise rapidly, else, I'm screwed). Example: IREN that I was just assigned.